Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
TCS: Stable performance - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

TCS: Stable performance

Jan 14, 2013

Tata Consultancy Services (TCS) has announced its third quarter results for financial year 2012-2013 (3QFY13). The company reported a 2.9% quarter-on-quarter (QoQ) growth in its consolidated sales and a 1.1% QoQ increase in its consolidated net profits. Here is our analysis of the results.

Performance summary
  • Net sales grew by 2.9% QoQ in 3QFY13.
  • Operating margins expanded marginally by 0.6% QoQ to 27.3% during the quarter as compared to 26.8% seen during the previous quarter (2QFY13) although there was higher employee benefit expense, which increased by 3.2% QoQ.
  • Net profits grew by 1.1% QoQ on an absolute basis and the net profit margin dropped to 22.1% from 22.5% witnessed in the last quarter. The fall in net profits was because of lower other income during the quarter as well as a higher effective tax rate, which was 21.9% in 3QFY13 compared to 21% in 2QFY13.
  • TCS added a net of 9,561 employees during the quarter. The total headcount of the company was 263,637 at the end of 3QFY13.
  • Attrition rate continued to drop and stood below 10% in IT services segment. Overall attrition including BPO stood at 11.2%.
  • The number of US$ 100 million clients increased from 14 to 16.
Consolidated financial snapshot

To Read the Full Story, Subscribe or Sign In
To Read the Full Story, Subscribe or Sign In

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms


Mar 19, 2019 10:57 AM